Senior Associate - Cash Equity Settlements

Job Title

Senior Associate

Date

2025

Department

Global Markets Operations –Securities settlements

Location:

Bengaluru

Business Line / Function

Electronic equity – Security settlements

Reports To

(Direct)

NA

Grade

(if applicable)

Senior Associate

(Functional)

Number Of Direct Reports

NA

Directorship / Registration

NA

Position Purpose

Primary Responsibilities Of The Team Includes

• Settlement of Security transactions and associated products in a timely and cost-effective manner
• Timely investigation of nostro and depot breaks
• Collectively working towards mitigation of operational and reputational risk by escalating in a timely and efficient manner
• Liaising with clients, brokers / counterparties and other internal support functions for smooth settlement of trades
  
  

Responsibilities

• Contribute to the overall successful running of the settlement department:
• By maintaining close relationships with all stakeholders & escalating problems to relevant teams promptly where & when required
• By maintaining good working relationships with domestic agents and custodians
• By communicating with, and assisting, other operational departments where needed
• Ensuring direct Managers are kept informed of any potential problems & issues where appropriate.
  
  

Direct Responsibilities

Key Responsibilities

• Responsible for the settlement of Security transactions & associated products booked in Calypso, on a timely and cost effective basis by:
• Ensuring all trades are instructed, matched & settled on a timely basis
• Sufficient additional priority given to failing trades / Aged trades
• Working to reduce fails and/or potential fails by means of pairing off or partialing down deliveries
• Minimizing fails by means of partial deliveries where possible
• Pre-matching trades in a daily basis
• Ensure sufficient intimation is sent to Cash Management team to manage funding for trades
  
  

• Responsible for solving Nostro and Depot reconciliation breaks on a timely basis:
• By investigating and, where possible, clearing all nostro breaks in reported by Securities Control teams
• By passing entries to the Calypso systems to clean up outstanding items on a timely basis
• By investigating and, where possible, rectifying all depot breaks on a timely basis reported by Securities Control teams
• By investigating and solving accounting breaks raised by Securities Control & Accounting teams
• Escalating items that represent operational risk to the direct Manager
  

Contributing Responsibilities

• Contribute to the minimisation of settlement costs & operational risk:
• By becoming more risk aware and by following the procedures or Compliance rules that are in place to mitigate operational or reputational risk
• Monitors and take appropriate actions in case of market risks (buyins)
• By seeking to improve STP rates at our custodians so reducing cost, by updating static data as and when necessary
• By reducing the number of manual instructions sent to agents therefore reducing cost, manual intervention and settlement risk according to Compliance rules
• If necessary, using the escalation process when operational risk is detected
  
  

• Contribute to the overall successful running of the settlement department:
• Actively participate in the BCP exercises/tests
• Follow audit/inspection recommendations scrupulously.
• Take immediate steps on the observations made by OPC pertain to your area of operations
• By maintaining good working relationships with domestic agents and custodians
• By communicating with, and assisting, other operational departments where needed
• Reduce level of errors / incidents - Proactively report errors / incidents and avoid repetitive erros&Incidents. ZERO Cash Outs and Zero CCBs/Data breaches.
• Contribution to the team development:
• Formalization of team procedures and operating guides
• Participation of training and coaching for new joiners
  

Skills And Competencies

• Ability to analyse, organize and report efficiently.
• Adaptable to different working methods and dynamic international environment.
• Rigorous and pro-active in order to reach excellence anytime
• Diligently follow the set procedures and Compliance policies
• Knowledge of financial markets and products, and easiness/expertise in dealing with Excel.
• Language Skills required: Business English
  
  

Experience Required

Minimum of 5 years’ experience

Skills Referential

Behavioural Skills: (Please select up to 4 skills) –

Ability to deliver / Results driven

Ability to collaborate / Teamwork

Communication skills - oral & written

Ability to share / pass on knowledge

Transversal Skills: (Please select up to 5 skills)

Ability to understand, explain and support change

Analytical Ability

Ability To Develop Others & Improve Their Skills

Ability to develop and adapt a process

Choose an item.

Education Level

Bachelor Degree or equivalent

Experience Level

At least 5 years

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